Biggest Jump In 3 Weeks

Stocks advanced late in the session after S&P affirmed its rating of bond insurers MBIA(MBI) and Ambac Financial Group (ABK) . S&P said it appears the insurers will raise enough cash to pay claims they are likely to face, explains Dylan Ratigan.

S&P affirmed its "AAA" rating on Ambac and MBIA, though Ambac remains under scrutiny for a possible downgrade in the next few months.

Also, the company will be eliminating its dividend, Ratigan adds.

I don’t know what to make of this. It seems to me the market is just looking for any reason to go up, says Karen Finerman.

I think around March 1st the volatility lightens up, says Pete Najarian.

Alcoa scares me here, says Jeff Macke. So do the coal names for that matter.

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LIFE TAKES VISA...BUT DO BROKERS?

The headline: Visa's Possible $17B Stock Offering Would Be Largest IPO In U.S. History.

Visa said Monday it expects to raise almost $19 billion from an initial public offering, which would easily become the largest IPO in U.S. history, explains Dylan Ratigan.

San Francisco-based Visa Inc. said in a Securities and Exchange Commission filing it will offer 406.6 million shares at $37 to $42 per share. There will be an option for its underwriters to buy an extra 40.6 million shares to cover any excess demand.

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